- Rising cost of raw materials
- Price war with competitors
- Restrictions on movement due to the COVID-19 pandemic
- Plant shutdown in China
- Lockdown in Shanghai
- Delay in the completion of the manufacturing base of the Thai subsidiary
- Time lag in passing on the steep rise in cost caused by the increase in prices of crude oil and other materials to road pavement companies
- Rise in prices of supplies and prolongation of the delivery period
- Sluggish capital investment by road pavement companies
- Depreciation of yen
Nikko Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2021-04 to 2022-03 reporting, Nikko Co., Ltd. disclosed greenhouse gas emissions of 779.3K t-CO2 (Scope 3); 2759 t-CO2 (Scope 1 and 2). By scope: Scope 1: 305 t-CO2; Scope 2: 2.5K t-CO2; Scope 3: 779.3K t-CO2. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
779.3K t-CO2 (Scope 3); 2759 t-CO2 (Scope 1 and 2)
2021-04 to 2022-03
Renewable Energy
94.2% (FY2022 plan); 100% (FY2030 target)
of total energy
Water Usage
386㎥
2021-04 to 2022-03
Waste
1.9K tons
2021-04 to 2022-03
Energy Use
4.0M kwh
2021-04 to 2022-03
📊 Emissions by Scope (2021-04 to 2022-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 305 t-CO2 |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.5K t-CO2 |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 779.3K t-CO2 |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Switched all electricity used at its head office to electricity generated from renewable energy sources in March 2022.
- Commercialized mechanical foamed asphalt generation equipment, reducing manufacturing temperature and CO2 emissions.
- 99% recycling rate of asphalt waste.
🎯 Climate & Sustainability Targets
🔜 Short-term
- 50.0 billion yen in consolidated net sales, 3.0 billion yen in operating income (operating margin of 6.0%), and a payout ratio of 60% or higher (FY2024)
📅 Medium-term
- 60.0 billion yen in net sales and 10% in operating margin (FY2030)
- 50.0 billion yen in market cap (FY2030)
- RE100 (100% shift to electricity made using renewable energy) in 2030
🔭 Long-term
- Net zero CO2 emissions by 2050
🌱 ESG Focus Areas
Realization of carbon neutralityEstablishment of recycling-oriented societyCreation of new customer valuesHuman resource development and improvement in job satisfaction